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SHOCKING: China Moves To Replace The U.S. Dollar As The World's Reserve Currency (VIDEO)

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China is setting the stage to become the new world reserve currency.  As Obama crushes the United States with Debt, China makes a move to Internationalize their currency for world trade and lending purposes.

THIS is an indicator that the global banking cartel has made their provisions for the time when the US defaults on their debt to the Federal Reserve….and just to be clear…CHINA is a part of the banking cartel in so much as they do business with HSBC ( wikipedia that) and further, be aware that both congress and the POTUS are very clear about what is coming down the Pike, for YOU.
YOU should. Prepare for Economic Disaster and know this: The Trans Pacific Pact will destroy YOUR vote, your rights and ALL countries rights to self govern. America will be the most hated country on the planet. As an American, YOU represent this predatory creeping Empire Building. Dont like it? Then CHANGE IT…..now, before you cannot.

China and the European Union today signed a 350 billion yuan (45 billion euro) currency swap agreement, a major step in pushing international use of the Chinese currency yuan.

The deal, signed between the People’s Bank of China and the European Central Bank (ECB), aims to support bilateral trade and protect financial stability, an official statement here said.

The central banks of China and the European Union have agreed to supply each other with their currencies.
The deal is aimed at accelerating the internationalization of China’s currency, the yuan, and increase trade and investment between the country and the eurozone.

The People’s Bank of China said on Thursday that it concluded the currency swap with the European Central Bank.

The agreement provides a maximum of 350-billion yuan, or about 56-billion dollars, to the ECB and 45-billion euros, or 60.8-billion dollars, to the PBC.

The deal is to last for 3 years with the possibility of extension if the banks consent to do so.

The agreement allows the banks to borrow currency from each other to provide funds to banks in China and eurozone countries in case of financial emergencies.

PBC officials say the deal will provide additional liquidity for Europe’s yuan market and boost trade and investment involving the currency.

China has already set up currency swap lines with Singapore and Britain to internationalize the yuan.

Critical Reads: More News Mainstream Media Chooses To Ignore By Josey Wales, Click Here!

 



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    Total 13 comments
    • Michael

      So when does the fueneral service for the dollar begin?. The dollar is dead and we are soon going to wake up in America one day soon and find we are totally busted broke. It will not happen slowly, It will happen soon and overnight.

    • Pateriot

      Obama and the Left, including many “moderates” in the Republican Party, are turning America into a third rate; soon to be third World, country!!

    • Wonkadelica

      Direct result of the idiot Tea Turds shutting down the government and refusing to pay for what they already authorized. :evil:

      • BEEF SUPREME

        We are now OUT of Kool-Aid. Wonkadelica drank it ALL.

        Greedy bastard. What about all of the libs and socialists behind you in line? Now there’s none for them.

      • Bill in Tennessee

        You’re an Obama-turd supporter aren’t you? The Tea Party is the ONLY group in Washington trying to bring some fiscal responsibility to the table…. POS Obama only wants to run up the debt even more and more and more. If ANYONE ruins the dollar and our country it will be that POS skunk (part black, part white, all stink) now squatting in the White House. You are on stupid SOB to have drunk that much of Obama’s piss-laden Kool Aid.

      • Neanderthal

        Sounds to me like they authorized over the amount that was authorized in the debt limit and that means they fricken spend to damn much so shut it down and keep it shut down, Seems kind of funny that foreign aid still gets paid ah duh and obamn is still employed. As far a the yuan is concerned does that mean walmart will not except dollars anymore? I deal in money produced by the US Treasury just like the constitution allows and the fiat money is just paper anyway and has no basis for value. Wether it is a result welcome to reality austerity has arived and you were warned. What make a 1 dollar bill more valuable then a 100 dollar bill as in value. Oh the printed number on the piece of paper. What makes 1 roll of toilet paper more valuable the 100 rolls it doesnt because its a commodity and has its value. Its a soft ass wipe LOL

    • Joe Miller

      We cannot repay the debt by design. All of our money supply comes by borrowing it with interest from the Federal Reserve who creates it out of thin air. We would have to give them all the money in existence just to pay off the principal. This idea of being in perpetual debt in order to regulate the money supply and appease the bankers was put forward by Thomas Jefferson. Read all about it in Wikipedia. Anyone who says we need to pay off the debt has got something up their sleeve.

      • Wonkadelica

        http://www.bloomberg.com/news/2013-10-11/u-s-said-to-open-criminal-probe-of-fx-market-rigging.html

        “Swiss regulators said last week they were “coordinating closely with authorities in other countries as multiple banks around the world are potentially implicated.” The probes include alleged manipulation of ISDAfix, a benchmark in the $379 trillion market for interest-rate swaps.”

        And our government is shut down over a piddly $17 trillion debt. Maybe giving financial regulators some real muscle will be possible after the Tea Tards flush their movement.down the drain. :razz: :razz: :razz:

      • DocNo

        Alexander Hamilton and good old Ben Franklin…not Jefferson.

    • AMERICA WILL BURN FOR KILLING INNOCENT CHILDREN

      I love it! This is fantastic news.

      Nobody in the world wants to trade with the filthy dirty stinking Americans.
      Let those Americans run their country down the tubes. Put every American in FEMA camps and let the pay for their sins in killing innocent woman and children during wars, in many cases raping the woman.

      Americans will get what they deserve.

    • 7

      Is The Worlds Reserve Currency soon to be replaced with – “The Treasure Of Zion” ?

      For Answers, everyone is invited to visit -

      http://thetreasureofzion.com

    • Karen Hudes

      This story misses the point. The US dollar has lost the confidence of the countries and China and Europe are seeking alternatives before the fiat Federal Reserve notes crash. What needs to happen is for the United States to preserve the value of its currency, alongside the rest of the world’s currency.

      The US Treasury is breaking the international securities laws because the financial statements of two agencies of the World Bank, with 180 billion dollars in bonds on the capital markets, are breaking the accounting auditing standards and Generally Accepted Accounting Principles.

      The representatives of the 188 members of the World Bank, meeting in Washington today, are studiously ignoring their citizens’ demands that these representatives attend to unfinished business. The US is ignoring its citizens’ demand for a return for legality, and so the rest of the 187 Ministers of Finance cannot admit me to their meeting, although I am their lawyer for 20 years, as well as a bondholder entitled to accurate information. My reinstatement is necessary to qualify for the US contribution to the World Bank capital increase under § 7082 of the Consolidated Appropriations Act, 2012 (Pub. L. 112-74) http://www.whistleblower.org/storage/documents/whistleblowerlanguageinHR2055.pdf
      and I was reinstated as Acting General Counsel in my bondholder lawsuit, settled on 12/20/12. The Ministers of Finance refuse to exercise their power to end world corruption and restore the world’s gold to its rightful owners: the people of the world.
      /economics-and-politics/2013/10/lessons-from-history-2457370.html This just scratches the surface of the illegality and corruption that I and other World Bank whistleblowers have been reporting for decades: https://s3.amazonaws.com/khudes/general+assembly3.docx

    • F16Hoser

      You’re an incredible IDIOT if you don’t own Precious Metals. Gold/Silver has been MONEY for thousands of years. Every form of FIAT PAPER CURRENCY has FAILED. Even my Commodore-64 Brain can reconcile the difference.

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